# Form Energy

> Iron-air multi-day battery systems for utilities and large power buyers — ~100-hour grid storage priced for energy capacity, not short-duration peaking.

## Why it is interesting

August 2026 Series G ($750M, >$2B total equity) led by T. Rowe Price with Sequoia joining and Coatue/EIP returning — capital for Weirton manufacturing and commercial deployments after backlog jumped ~20→80 GWh.

## Profile

- **Latest funding:** Series G — $750M (August 2026)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** $750M
- **Stage:** growth
- **Status:** private
- **Industries:** climate-tech, infra-cloud, deep-tech
- **Coverage:** full
- **Last updated:** 2026-08-13
- **Latest funding investors:** T. Rowe Price, Sequoia Capital, Coatue, Energy Impact Partners, Janus Henderson, Franklin Templeton, Breakthrough Energy Ventures, TPG Rise Climate, GE Vernova

## Key facts

- Series G (Aug 12, 2026): $750M led by T. Rowe Price; Sequoia new; Coatue, EIP, BEV, TPG Rise Climate, GE Vernova among returners; >$2B total equity (company / TechCrunch)
- Backlog ~20→80 GWh in 2026; projects with Xcel Energy, Google, Crusoe, FuturEnergy Ireland (company)
- Use of proceeds: Weirton, WV factory scale + commercial deployments; Morgan Stanley placement agent
- Leadership adds: CFO Navneet Govil (ex SoftBank Investment Advisers); COO Wes Sloan (ex Panasonic Energy North America)

## Funding history

- Series G · $750M · August 2026
  Source: https://formenergy.com/form-energy-secures-750m-in-series-g-financing/

## Investors in our directory

- https://venturecapitaltracker.com/fund/sequoia
- https://venturecapitaltracker.com/fund/coatue
- https://venturecapitaltracker.com/fund/energy-impact-partners

## Related articles

- https://venturecapitaltracker.com/2026-form-energy-750m-series-g-sequoia-coatue
- https://venturecapitaltracker.com/2026-august-12-13-investment-news-energy-codegen-enterprise

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** August 13, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/form-energy